BREAKING: Govt adds vital infrastructure to overseas investment test

By Pattrick Smellie | Tue, 19 Nov 2019


Foreign investment in essential infrastructure assets will be subject to a new 'national interest' test under further reforms to the Overseas Investment Act by Associate Finance Minister David Parker.The test will apply to any foreign investment application for such assets - electricity, telecommunications, and drinking water infrastructure, along with ports and airports - that are over $100 million in value, rising to $200 million in the case of countries in the Comprehensive and Progressive Trans Pacific Partnership trade and investment pact,...